Taiwan Trade Balance


Exports fall for third straight month

In May, exports fell 6.3% over the same month last year to USD 26.1 billion. The figure was virtually unchanged from the 6.4% drop observed in April and exceeded market expectations of a 5.3% decline. The monthly fall was primarily caused by declining shipments of textiles, footwear as well as of machinery and electrical equipment. Meanwhile, imports contracted a sharper 10.5%, which contrasted the 2.1% increase recorded in the previous month. As a result, the trade surplus reached USD 2.3 billion in May, up from the USD 1.2 billion surplus recorded in the same month last year. According to the government, exports may expand again in June aided by a low comparison base and amid signs of improving demand for electronics products, which account for around a quarter of total exports. The government expects export growth to reach 4.3% this year.


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Taiwan Trade Balance Chart

Taiwan Trade May 2012

Taiwan Economic News

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    October 9, 2016

    In September, the trade surplus totaled USD 4.4 billion, according to data from the Ministry of Finance.

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    In September, consumer prices increased 0.45% over the previous month, which was a rebound from the 0.03% fall recorded in August.

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    Taiwanese manufacturers registered better business conditions for the fourth consecutive month in September.

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  • Taiwan: Central Bank halts easing cycle on healthy economic growth

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    At its quarterly monetary policy meeting on 29 September, the Central Bank of the Republic of China (Taiwan) decided to leave the discount rate unchanged at 1.375%, which was a decision that markets had expected, although some analysts had foreseen a further reduction to the key policy rate. The Central Bank has cut the main monetary policy rate four times since September 2015 by a total of 50 basis points and this time the authority decided to leave interest rates unchanged “against a back drop of moderate global growth and renewed momentum for the domestic economy, along with a mild inflation outlook for next year.” Regarding global developments and how they affect the Taiwanese economy, the Central Bank stated that the global economy continues to decelerate as a result of slower economic growth in the U.S., a still tepid recovery in the Eurozone economy and sluggish economic activity in Japan.

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  • Taiwan: Industrial production benefits from Apple’s new iPhone debut

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